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via Cointelegraph · By Cointelegraph Staff

Bitcoin Fails to Break $82K Again: What Will Trigger a BTC Price Rally?

BTC

BTC/USDT

$61,361.99

-1.07%

$61,361.99

-1.07%

(24s)

24h Volume

$30,202,794,423.91

24h H/L

$62,230.00 / $59,102.70

Change: $3,127.30 (5.29%)

Long/Short

68.3%

Long: 68.3%Short: 31.8%

Funding Rate

+0.0005%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,139.99

▲ 0.10%

Volume (24h): -

Resistance Levels

Resistance 3$64,719.41

Resistance 2$63,289.97

Resistance 1$61,824.92

Price$61,139.99

Support 1$61,067.23

Support 2$59,062.46

Support 3$52,643.43

Pivot (PP):$61,262.44

Trend:Downtrend

RSI (14):33.6

Cointelegraph Staff

(12:49 PM UTC)

1 min read

Reviewed bySarah Chen

604 views

0 comments

Bitcoin’s (BTC) Thursday rally to $82,000, buoyed by the Senate Banking Committee's advancement of the CLARITY Act, has stalled amid stiff overhead resistance and weakening ETF demand. Still, analysts said that BTC’s upward momentum may increase if key conditions are met.

Key takeaways:

BTC bulls must flip the $82,000-$84,000 into new support.
Return of strong institutional demand via spot Bitcoin…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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